A group of Hacker called fail0verflow has announced the most epic PlayStation 3 hack ever. They have determined how to calculate the numerical keys needed to sign software so any custom software can be loaded on the PS3.
Fail0verflow is basically the code name for security exploit that has been discovered in the PS3 system. This has been officially quoted as “an EPIC FAIL from Sony” found in the PlayStation 3 gaming console. Hackers named Bushing, Marcan and Sven presented “fail0verflow” to the hackers community explaining how it can overflow the PS3′s bootup via replacing the NOR flash on startup.
According to the hackers, “PS3 has totally failed in security”. The signing keys are available right inside everyone’s PS3 Console which can allow anyone to sign a bundle and execute it on any retail PS3 system.
It means is that dongle-less jailbreak should come to PS3 soon by overflowing the bootup NOR flash. Also, the latest PS3 Firmware (v3.55) is completely vulnerable to fail0verflow exploit and a permanent jailbreak solution is on its way pretty soon.
Here is the live demo video of fail0verflow exploit by the hacking team.
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